Ceat jumps on reporting Q1 net profit of Rs 25.75 crore

Ceat is currently trading at Rs. 102.70, up by 4.65 points or 4.74% from its previous closing of Rs. 98.05 on the BSE.

The scrip opened at Rs. 100.00 and has touched a high and low of Rs. 105.05 and Rs. 99.00 respectively. So far 371647 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.30 on 23-Apr-2012 and a 52 week low of Rs. 66.20 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 105.05 and Rs. 93.25 respectively. The current market cap of the company is Rs. 352.37 crore.

The promoters holding in the company stood at 52.54% while Institutions and Non-Institutions held 14.81% and 32.65% respectively.

Ceat has reported results for first quarter ended June 30, 2012.

The company has registered a net profit of Rs 25.75 crore for the quarter under review as compared to a net loss of Rs 41.90 crore for the same quarter in the previous year. The total income from operation of the company has increased by 10.45% at Rs 1189.14 crore for Q1FY13 as compared Rs 1076.61 crore for the corresponding quarter previous year.

Ceat is among the best tyre manufacturers in India. Besides tyres, the company also manufactures and markets tubes and flaps. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks.